Hong Kong - Skadden Advises KE Holdings Inc. On Its US$2.05 Billion Follow-On Public Offering.

Legal News & Analysis - Asia Pacific - Hong Kong - Capital Markets

20 November, 2020


Skadden is advising KE Holdings Inc., a leading integrated online and offline platform for housing transactions and services in China, in its underwritten follow-on offering of 35,400,000 American Depositary Shares (ADSs).  At a public offering price of US$58.00 per ADS, each ADS represents three Class A ordinary shares of the company for a total offering value of approximately US$2.05 billion, assuming the underwriters do not exercise their option to purchase up to an aggregate of 5,310,000 additional ADSs.  Skadden also worked on the company's US$2.4 billion NYSE IPO in August 2020. 


The Skadden team was led by partner Julie Gao (Hong Kong), with counsel Yuting Wu (Shanghai) and associates Xueyin Zhong (Beijing), Shen Si (Hong Kong) and Yangtian Li (Hong Kong).